In a ranging interview, Jaime Tamayo discusses MAPFRE's 50th anniversary and the biggest industry changes during his 30-year career.

As Florida's property-insurance market has crumbled and home values have soared, many homeowners have been dropped by private insurers and cannot qualify for Citizens coverage because of the $700,000 cap.

Accurate assessment of claim value leads to more accurate pricing, which ultimately means lower costs for policyholders as well.

The most targeted cargo was electronics, household goods, such as furniture and appliances, and clearing supplies.